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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, January 30</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3093 down 0.0015</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR17 HI 3.61 3/4 DEC17 HI 3.88 3/4</u></div>
<div><u> LOW 3.55 3/4 LOW 3.83 3/4</u></div>
<div><u> CLOSE3.57 3/4 Down 4 3/4 CLOSE 3.85 1/2 Down 3 3/4</u></div>
<div><u><br>
</u></div>
<div><u> OLD CROP BASIS NEW CROP BASIS</u></div>
<div><u>Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt</u></div>
<div><u>ELEVATORS +MAR17+MAY17+MAY17</u></div>
<div><u>CK Low 0.65 4.23 166.43 0.75 4.61 181.29</u></div>
<div><u>CK High 0.65 4.23 166.43 0.75 4.61 181.29</u></div>
<div><u>CK Avg 0.65 -0.35 4.23 166.43 0.75 -0.34 4.61 181.29</u></div>
<div><u>Essex Cty 0.55 4.13 162.49 0.75 4.61 181.29</u></div>
<div><u>Mdsx Low 0.65 4.23 166.43 0.75 4.61 181.29</u></div>
<div><u>Mdsx High 0.65 4.23 166.43 0.75 4.61 181.29</u></div>
<div><u>Mdsx Avg 0.65 -0.35 4.23 166.43 0.75 -0.34 4.61 181.29</u></div>
<div><u>Hensall 0.68 4.25 167.41 0.78 4.63 182.28</u></div>
<div><u>Bruce 0.65 4.23 166.43 0.75 4.61 181.29</u></div>
<div><u>Putnam 0.65 4.23 166.43 0.75 4.61 181.29</u></div>
<div><u>Burford 0.65 4.23 166.43 0.85 4.71 185.23</u></div>
<div><u>Port Perry 1.05 4.63 182.18 0.80 4.66 183.26</u></div>
<div><u>Norfolk 0.75 4.33 170.37 0.85 4.71 185.23</u></div>
<div><u>Palmerston 0.65 4.23 166.43 0.75 4.61 181.29</u></div>
<div><u>Varna 0.70 4.28 168.40 0.80 4.66 183.26</u></div>
<div><u>Trenton 1.15 4.73 186.11 0.80 4.66 183.26</u></div>
<div><u>Winchester 1.15 4.73 186.11 1.10 4.96 195.07</u></div>
<div><u>North Gower 1.12 4.70 184.93 1.10 4.96 195.07</u></div>
<div><u>Huron FOB 1.00 4.58 180.21 0.88 4.74 186.41</u></div>
<div><u>Kent FOB 0.95 4.53 178.24 0.75 4.61 181.29</u></div>
<div><u>Lamb FOB 1.00 4.58 180.21 0.80 4.66 183.26</u></div>
<div><u>Mdsx FOB 0.85 0.90 0.90N/A 4.43 174.30 0.75 4.61 181.29</u></div>
<div><u>FOB SW Que 1.30 4.88 192.02N/A</u></div>
<div><u>Track 1.28 4.85 191.03N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A 1.27 1.27 1.22 1.00 4.86 191.13</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Aylmer-Eth N/A N/A N/A 1.20 1.00 4.86 191.13</u></div>
<div><u>Sarn-Eth N/A 1.15 1.15 1.15 N/A</u></div>
<div><u>Kawartha N/A N/A N/A N/A N/A</u></div>
<div><u>London-Ing N/A N/A N/A 1.24 1.00 4.86 191.13</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A N/A</u></div>
<div><u>Cardnl-Ing N/A N/A N/A 1.40 1.10 4.96 195.07</u></div>
<div><u>W O Feed 1.41 4.99 196.51</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.64 5.22 205.40</u></div>
<div><u>Toledo El. -0.05 3.53 138.78 -0.33 3.53 138.88</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia 1.00 4.58 180.21 0.95 4.81189 1/6</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.65 4.22 3/4</u></div>
<div><u>HI SD CRN 0.65 4.22 3/4</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3093 down 0.0015</u></div>
<div><u>Chicago soybeans closed moderately lower to lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR17 HI 10.44 1/4 NOV17 HI 10.22 1/4</u></div>
<div><u> LOW 10.19 1/4 LOW 10.00 1/2</u></div>
<div><u> CLOSE10.22 3/4 Down 26 1/2 CLOSE 10.04 Down 21 1/4</u></div>
<div><u><br>
</u></div>
<div><u> OLD CROP NEW CROP</u></div>
<div><u>Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt</u></div>
<div><u>ELEVATORS +MAR1+MAR1+MAY17</u></div>
<div><u>CK Low 2.40 12.63 463.982.34 12.38 454.89</u></div>
<div><u>CK High 2.45 12.68 465.822.45 12.49 458.93</u></div>
<div><u>CK Average 2.44 -0.5712.67 465.452.38 -0.5512.42 456.42</u></div>
<div><u>Essex Cty 2.45 12.68 465.822.35 12.39 455.25</u></div>
<div><u>Mdsx Low 2.44 12.67 465.452.32 12.36 454.15</u></div>
<div><u>Mdsx High 2.50 12.73 467.662.40 12.44 457.09</u></div>
<div><u>Mdsx Average 2.47 -0.5412.70 466.552.36 -0.5712.40 455.62</u></div>
<div><u>Hensall 2.50 12.73 467.662.40 12.44 457.09</u></div>
<div><u>Bruce 2.50 12.73 467.662.40 12.44 457.09</u></div>
<div><u>Putnam 2.50 12.73 467.662.40 12.44 457.09</u></div>
<div><u>Burford 2.51 12.74 468.022.39 12.43 456.72</u></div>
<div><u>Port Perry 2.44 12.67 465.452.32 12.36 454.15</u></div>
<div><u>Norfolk 2.45 12.68 465.822.50 12.54 460.77</u></div>
<div><u>Palmerston 2.50 12.73 467.662.40 12.44 457.09</u></div>
<div><u>Varna 2.50 12.73 467.662.40 12.44 457.09</u></div>
<div><u>Trenton 2.45 12.68 465.822.40 12.44 457.09</u></div>
<div><u>Winchester 2.55 12.78 469.492.57 12.61 463.34</u></div>
<div><u>North Gower 2.49 12.72 467.292.49 12.53 460.40</u></div>
<div><u>Huron FOB 2.62 12.85 472.062.50 12.54 460.77</u></div>
<div><u>Kent FOB 2.50 12.73 467.662.35 12.39 455.25</u></div>
<div><u>Lambton FOB 2.45 12.68 465.822.55 12.59 462.60</u></div>
<div><u>Middlesex FOB2.54 2.61 2.66 N/A 12.77 469.132.49 12.53 460.40</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 2.85 2.90 2.95 N/A 13.08 480.522.80 12.84 471.79</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 2.66 12.89 473.532.77 12.81 470.69</u></div>
<div><u>Sarnia 2.41 12.64 464.352.77 12.81 470.69</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.49 9.74 357.97-0.51 9.53 350.14</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3093 down 0.0015</u></div>
<div><u>Chicago wheat closed moderately lower.</u></div>
<div><u>MAR17 HI 4.19 1/4 JUL17 HI 4.47 3/4</u></div>
<div><u> LOW 4.12 3/4 LOW 4.42</u></div>
<div><u> CLOSE 4.14 Down 6 1/2 CLOSE 4.42 1/2 Down 6 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly to moderately lower.</u></div>
<div><u>MAR17 HI 5.59 SEP17 HI 5.56 1/2</u></div>
<div><u> LOW 5.50 LOW 5.53</u></div>
<div><u> CLOSE 5.51 1/4 Down 8 3/4 CLOSE 5.55 Down 1 1/4</u></div>
<div><u><br>
</u></div>
<div><u>GFO Cash Wheat Prices - DEL Terminal</u></div>
<div><u>Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)</u></div>
<div><u>Basis 0.76 0.76 0.76 0.40</u></div>
<div><u>CAD $/bu 4.90 4.90 4.90 5.92</u></div>
<div><u>CAD $/tonne 180.18 180.18 180.18 217.39</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Direct MarkHarvest 2016 Harvest 2017</u></div>
<div><u> DELIVERED BASIS DELIVERED BASIS</u></div>
<div><u>Location SWW(C) HRW(C) SRW(C) HRS(M) SWW(C) HRW(C) SRW(C) HRS(M)</u></div>
<div><u>ELEVATORS</u></div>
<div><u>Brgssvll N/A N/A 0.70 N/A N/A N/A 0.65 N/A</u></div>
<div><u>London 0.71 0.71 0.77 N/A 0.73 0.66 0.66 N/A</u></div>
<div><u>Hensall 0.70 N/A 0.70 N/A 0.70 N/A 0.65 N/A</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 0.85 N/A</u></div>
<div><u>Bruce 0.70 0.70 0.70 0.40 0.70 0.60 0.65 0.60</u></div>
<div><u>Essex N/A N/A N/A N/A N/A N/A 0.51 N/A</u></div>
<div><u>Norwich 0.70 N/A 0.70 N/A 0.70 N/A 0.65 N/A</u></div>
<div><u>Port Hope N/A N/A 0.70 N/A N/A 0.70 0.65 N/A</u></div>
<div><u>Kent Bridge 0.70 N/A 0.70 N/A 0.70 N/A 0.65 N/A</u></div>
<div><u>Chatham N/A N/A 0.70 N/A N/A N/A 0.65 N/A</u></div>
<div><u>Brigden N/A N/A 0.70 N/A N/A N/A 0.65 N/A</u></div>
<div><u>Palmerston N/A 0.70 0.70 0.40 N/A 0.60 0.60 0.60</u></div>
<div><u>Varna 0.70 0.70 0.70 N/A 0.95 0.65 0.65 N/A</u></div>
<div><u>Mitchell 0.70 0.70 0.70 N/A 0.70 0.65 0.65 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.00 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.69 0.69 0.24 N/A 0.87 0.87 0.58</u></div>
<div><u>W O Feed 1.43</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Sarnia 1.09 0.74 0.84 N/A 1.12 0.77 0.87 N/A</u></div>
<div><u>Prescott N/A N/A 0.70 N/A N/A N/A 0.91 0.73</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.29N/A N/A N/A 1.37N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 3.99US 5.23CA 4.23US 5.53CA</u></div>
<div><u><br>
</u></div>
<div><u>GFO Contract Wheat Prices - DEL Terminal</u></div>
<div><u>Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)</u></div>
<div><u>Basis 0.85 0.78 0.78 0.67</u></div>
<div><u>CAD $/bu 5.27 5.21 5.21 6.22</u></div>
<div><u>CAD $/tonne 193.67 191.26 191.26 228.55</u></div>
<div><u><br>
</u></div>
<div><u>(C)-Basis over the Chicago Board of Trade futures</u></div>
<div><u>(M)-Basis over the Minneapolis Grain Exchange</u></div>
<div><u><br>
</u></div>
<div><u>FEED GRAINS</u></div>
<div><u>FOB Hm Soymeal 502.00</u></div>
<div><u>DDG's FOB Srn & Aylm 145.00 - 150.00</u></div>
<div><u><br>
</u></div>
<u></u>
<p class="MsoNormal"><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51); background: rgb(253, 253, 253);">Blair Andrews</span><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51);"><br>
<span style="background:#FDFDFD">Editor, AgriLink and Farm Market News<span class="apple-converted-space"> </span></span><br>
<span style="background:#FDFDFD">University of Guelph, Ridgetown Campus<span class="apple-converted-space"> </span></span><br>
<span style="background:#FDFDFD">Tel.<span class="apple-converted-space"> </span></span></span><a href="callto:519-674-1500"><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 102, 153);">519-674-1500</span></a><span class="apple-converted-space"><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333;
background:#FDFDFD"> </span></span><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51); background: rgb(253, 253, 253);">x
63577<span class="apple-converted-space"> </span></span><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51);"><br>
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